The plan and process of risk management

Defining Risk Management Plan and Process Lifecycle

The gurus of project management point out that a sound risk management plan can decrease the rate of project failure by as much as 60-70 percent. Such a plan in combination with a well-defined risk management process will help the project manager and senior stakeholders to identify and solve most potential problems and also anticipate and respond to changes occurring throughout the project lifecycle. Planning for risk management appears to be critical to project success, allowing the team to prevent loss and avoid jerk reactions.

procurement teams

The Steps for Managing a Procurement Team (Part 2nd)

Learn to manage a procurement team in three more steps, including Motivation, Stress Management and Time Management In the previous Part of this article, two steps of the procurement management process have been listed and described. Now we talk about the rest three steps in this publication.

procurement management team

The Steps for Managing a Procurement Team (Part 1st)

As a team leader or procurement manager, you should know there are several major steps that you can go through to organize a productive procurement group which is able to accomplish tasks and duties in a collaborative environment. Let’s get a more detailed look at procurement team management steps.

The roles in procurement team

Procurement Team – Structure and Roles

A procurement team structure refers to a composition of roles, duties and responsibilities of the team members. It identifies the key positions that provide successful purchasing management process. The structure of a procurement group will generally depend on several key factors around an enterprise that is going to order procurement items for a project.